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Europe Shares March Higher

LONDON -- European shares jumped Wednesday on hopes for a round of interest-rate cuts around the globe, including a likely cut in the U.S. later in the day.

The pan-European Dow Jones Stoxx 600 index climbed 7.2% to 213.72, its second straight day of gains to pare losses made in 2008 to 41%. The U.K. FTSE 100 index surged 8.1% to 4242.54, and the French CAC-40 index rallied 9.2% to 3402.57.